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Hi Kristine, That's good to hear if it's only 3 years instead of 4, I'm so used to dealing with the banks where they lock you in for 4 years. My concern is if a cient takes out a new RHG loan to access their equity - i.e. to use as a deposit on a new purchase, that this new loan will...

If you are changing an existing loan or adding a loan without refinancing, you have to go to "old rams". If it is a new loan with new rams, then it's totally separate. Keep in mind that if you add a new loan to your old rams loan, you could be starting the 4 year term for the early...

Yes I had heard similar, but not with Westpac, it was with one of the other majors. A $1000 contribution towards exit fees when a broker refinances them away from RAMS OR a non-conforming lender. This is all unconfirmed as yet, just what I heard on the grapevine! It's not all that...

You mean incentives to stay with RAMS? Or good deals to go somewhere else?

That's true, and there's likely to be an expensive exit fee too so that you can't run when the rates go up. Even so, the initial savings should more than offset this risk. There's nothing to prevent the other lender's increasing their lo doc rates either. Dan

Sounds good, I'm looking forward to it. It'll definitely fill a niche. Cheers Dan

It's a bit unusual for the LVR to increase to 90% at the same time as others are reducing their lo doc exposure. The advertised products still state 85% at the moment. It still looks like a good product, however some people don't want to deal with RAMS anymore. Maybe the 90% LVR and other...